Defeating MITM Attacks on Cryptocurrency Exchange Accounts with Individual User Keys

Presented herein is a User-SpecificKey Scheme based on Elliptic Curve Cryptography that defeats man-inthe-middle attacks cryptocurrency exchange accounts. In this scheme, separate public and private key pair assigned to every account the shifted either forward or backward elliptic curve by difference of user’s password. When user logs into his account, server sends account. The computes actual reverse shifting exactly Alternatively, can be applied generator instead key. Described in detail as how aman-in-the-middle attack takes place proposed scheme attack. Provided detailed security analysis both cases publickey shifting. Further, compared effectiveness another three authentication schemes defending passwords against MITM attacks.